Kontoor Brands (NYSE:KTB) Issues Q4 Earnings Guidance

Kontoor Brands (NYSE:KTB) updated its fourth quarter earnings guidance on Wednesday. The company provided EPS guidance of ~$1.38 for the period, compared to the consensus EPS estimate of $1.33. The company issued revenue guidance of ~$699 million, compared to the consensus revenue estimate of $697.03 million. Kontoor Brands also updated its Q4 2024 guidance to 1.380-1.380 EPS.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Guggenheim upped their price objective on Kontoor Brands from $80.00 to $100.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Barclays increased their price target on Kontoor Brands from $83.00 to $100.00 and gave the company an “overweight” rating in a report on Friday, November 1st. Stifel Nicolaus downgraded Kontoor Brands from a “buy” rating to a “hold” rating and increased their price target for the company from $89.00 to $93.00 in a report on Friday, November 1st. UBS Group lowered their price target on Kontoor Brands from $112.00 to $108.00 and set a “buy” rating for the company in a report on Tuesday. Finally, Wells Fargo & Company increased their price target on Kontoor Brands from $80.00 to $90.00 and gave the company an “overweight” rating in a report on Wednesday, October 23rd. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, Kontoor Brands has an average rating of “Moderate Buy” and a consensus target price of $94.67.

Kontoor Brands Stock Up 4.2 %

NYSE KTB traded up $3.59 during trading hours on Wednesday, hitting $89.33. The company had a trading volume of 1,639,468 shares, compared to its average volume of 510,510. The company has a debt-to-equity ratio of 2.09, a current ratio of 2.50 and a quick ratio of 1.42. The firm’s 50 day moving average is $87.18 and its 200 day moving average is $82.57. The company has a market capitalization of $4.93 billion, a price-to-earnings ratio of 20.12, a P/E/G ratio of 1.98 and a beta of 1.19. Kontoor Brands has a fifty-two week low of $52.95 and a fifty-two week high of $96.80.

Kontoor Brands Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Monday, March 10th will be given a $0.52 dividend. The ex-dividend date is Monday, March 10th. This represents a $2.08 dividend on an annualized basis and a yield of 2.33%. Kontoor Brands’s payout ratio is currently 46.85%.

About Kontoor Brands

Kontoor Brands, Inc, a lifestyle apparel company, designs, produces, procures, markets, distributes, and licenses denim, apparel, footwear, and accessories, primarily under the Wrangler and Lee brands. The company operates through two segments: Wrangler and Lee. It licenses and sells apparel under the Rock & Republic brand name.